The U.S. economy has been very successful in absorbing immigrants and putting them to work
a. True
b. False
Indicate whether the statement is true or false
True
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In 2012, which of the following countries had negative net export spending in GDP?
A) Germany B) Hong Kong C) the United States D) China
If the cost of capital is 5% then the net present value of the investment is
a. $6,020.41 b. $7,380.95 c. -$7,380.95 d. $10,000
Medical care spending escalates as an individual reaches old age. Which of the following statements is true regarding medical care spending and the elderly?
a. Most of the medical care cost explosion is due to the high cost of treating the elderly. b. The easy way to control end-of-life spending is to limit use of all but the most cost-effective care to those over the age of 65. c. The real reason for the increase in medical spending among the elderly is the increase in chronic illnesses as we age and the multiplicity of services available to treat those illnesses. d. The high cost of acute care spending for the elderly is a major contributing factor in the increase in medical spending.
Is the firm in graph in the short run or the long run? How do you know?
